Stocks, ETFs, & Options

Stocks & Options

Aries does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges.

• Fees are applied by certain regulatory agencies, some of which are passed from the broker dealer to clients as a pass through transaction. These fees are listed below.

Regulatory & Clearing Fees

Type	Fee	Rule	Charged By
Regulatory Transaction Fee	$0.0000278 times Total Trade Dollar Amount [Min $0.01]	Sells Only	Securities and Exchange Commission (SEC)
Trading Activity Fee	$0.00279 times number of Contracts [Min $0.01]	Sells Only	Financial Industry Regulatory Authority (FINRA)
Options Regulatory Fee	$0.02815 times number of Contracts	Buys & Sells	Options Exchanges
Clearing Fee	$0.02 * number of Contracts (Max $55 per Trade)	Buys & Sells	Options Clearing Corp (OCC)

Index Options

Product	Exchange Proprietary Fee	Commissions Rate
SPX	<$1.00 ->$0.57 >=$1.00 -> $0.66	$0.55 Per Contract
SPXW	<$1.00 ->$0.49 >=$1.00 -> $0.58	$0.55 Per Contract
VIX and VIXW (Simple Order)	<=$0.10 -> $0.10 $0.11 - $0.99 -> $0.25 $1 - $1.99 -> $0.40 >=$2.00 -> $0.45	$0.55 Per Contract
VIX and VIXW (Complex Order)	<=$0.10 -> $0.05 $0.11 - $0.99 -> $0.17 $1.00 - $1.99 -> $0.30 >=$2.00 -> $0.45	$0.55 Per Contract
XSP	>$2.00 -> $0.45	$0.55 Per Contract
DJX	<10 contracts -> $0.00 >=10 contracts -> $0.04	$0.55 Per Contract
NDX	$0.00	$0.55 Per Contract
NDXP	$0.00	$0.55 Per Contract

Aries charges a fee of $0.10 per contract for option orders of 500 contracts or greater, with the exception of Index Options.

For simple VIX, a priority surcharge is assessed on contracts executed electronically that are Maker and not Market Turner by $0.20 more.

There is no exchange proprietary index options fee for Nanos, SPIKEs, and XND.